DXD Capital breaks ground on Mount Pleasant self-storage and retail project

DXD Capital has started construction on a four-story, 800-plus-unit self-storage development with retail space in Mount Pleasant, South Carolina, alongside CrossHarbor Capital Partners. The project targets a summer 2027 opening and adds another site to the firms’ national development pipeline.

Why it matters: - The Mount Pleasant project adds new self-storage supply to one of the Charleston area’s strongest submarkets. - The mixed-use design brings street-level retail to Coleman Boulevard, giving the development a broader neighborhood role beyond storage. - The project is the second investment under DXD Capital’s ongoing partnership with CrossHarbor Capital Partners.

What happened: - DXD Capital broke ground on a four-story self-storage and retail project at 415 W. Coleman Boulevard in Mount Pleasant, South Carolina. - The development will deliver more than 800 self-storage units and 90,000 net rentable square feet. - Clearing and demolition began in May. - The facility is scheduled to open for leasing in summer 2027.

The details: - The Coleman Boulevard site covers 1.48 acres in the heart of Mount Pleasant. - The building will total 122,032 gross square feet. - The project includes 4,978 square feet of street-level retail space along Coleman Boulevard. - The facility is designed as a climate-controlled self-storage property. - Tribridge Construction, LLC is the general contractor. - SmartStop Asset Management will operate the self-storage facility. - United Community Bank provided construction financing. - Place Maker Design handled architectural services. - SeamonWhiteside provided civil engineering services. - DXD Capital said the mixed-use design is intended to integrate into the community and activate ground-floor space for local residents and businesses. - DXD Capital says the firm has invested in 35 ground-up developments and one seven-facility portfolio acquisition across the United States.

Between the lines: - Mount Pleasant fits DXD Capital’s focus on high-barrier-to-entry markets with strong self-storage fundamentals. - CrossHarbor said the market’s growth and demand for well-located self-storage made the project a strong fit for the partnership. - The companies are using institutional capital and data-driven development to scale a self-storage pipeline in markets with supply-demand imbalances.

What's next: - Construction will continue toward a summer 2027 leasing launch. - DXD Capital and CrossHarbor Capital Partners are expected to keep pursuing self-storage projects across the United States under their programmatic partnership. - More information is available in DXD Capital’s announcement.